Telecom Italia met with GIP over possible grid investment - source
Reuters
Published Dec 14, 2022 17:00
Updated Dec 14, 2022 17:10
MILAN (Reuters) - Telecom Italia (BIT:TLIT) has held a meeting with representatives of Global Infrastructure Partners to discuss a potential investment by the infrastructure fund into the phone group's landline grid, a source with knowledge of the matter said.
Telecom Italia Chief Executive Pietro Labriola on Wednesday said the company needs to sell assets to cut its debt after a sale of the grid to state lender CDP was put on hold by Italy's new government.
It was not immediately possible to reach GIP for comment.
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Written By: Reuters
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